🔒 Rich investors are optimistic despite economic turmoil, UBS says
A full 59% of rich investors told UBS they are optimistic about the short-term outlook for the stock market, that’s up from 50% three months ago.
A full 59% of rich investors told UBS they are optimistic about the short-term outlook for the stock market, that’s up from 50% three months ago.
South Africa’s favourite market commentator gave us a glimpse of the insider’s world in this week’s episode of Rational Radio with Biznews.com’s Alec Hogg.
UBS Wealth Management, which is the world’s biggest wealth manager and oversees $2.5trn told its rich clients to look for alternatives to stocks.
Global business publications are giving prominence this morning to the Ramaphosa government’s $5bn Eskom bailout in yesterday’s Budget.
HSBC Holdings Plc and UBS Group AG have closed their local representative offices in Nigeria, according to a report published on the website of the central bank.
South Africa’s main stock index closed at an all-time high last week, up 12 percent this year.
As the four former Barclays traders convicted of rigging Libor await sentencing this week, a new type of benchmark set by Tom Hayes may haunt them.
According to the UBS Global Real Estate Bubble Index, real estate is overvalued across Europe’s cities, but nowhere more so than London, which scores highest in the world for “bubble risk.”
SABMiller has been informed by AB InBev that it has entered into an agreement to sell SABMiller’s 49% interest in its Chinese joint venture.
UBS concludes that the extreme levels of automation and connectivity achieved through the Fourth Industrial Revolution could further widen the income inequality gap.